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Author Question: Attempts by professional lobbyists in Ottawa to influence the government's subsidy to the ... (Read 38 times)

xsk4r3kr0w

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on: Oct 12, 2022

Question 1

Where does the issue of "rent-seeking" present a problem?
◦ in private organizations in which ownership is not identical to management
◦ in centrally planned economies
◦ in pure free-market economies
◦ in the rental market between landlords and tenants
◦ in all economies, given the existence of government

Question 2

Attempts by professional lobbyists in Ottawa to influence the government's subsidy to the shipbuilding industry, for example, even when such a subsidy is not in the national interest, represents
◦ the government acting like a monopolist.
◦ rent seeking.
◦ asymmetric information.
◦ an externality.
◦ an inefficient public choice.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xsk4r3kr0w on Oct 12, 2022

knguyen

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Reply #1 on: Oct 12, 2022
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xsk4r3kr0w

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

Dinolord

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Reply 3 on: Yesterday
Wow, this really help

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